Hanmi Financial Correlations

HAFC Stock

USD 22.46 0.36 1.63%

The current 90-days correlation between Hanmi Financial and Heritage Commerce Corp is 0.63 (i.e., Poor diversification). The correlation of Hanmi Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Hanmi Financial Correlation With Market

Very weak diversification

The correlation between Hanmi Financial and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hanmi Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanmi Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For information on how to trade Hanmi Stock refer to our How to Trade Hanmi Stock guide.

Moving together with Hanmi Stock

0.64	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp	Pair Corr
0.73	PB	Prosperity Bancshares	Pair Corr
0.66	RF	Regions Financial	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.79	VBTX	Veritex Holdings	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.82	EFSC	Enterprise Financial	Pair Corr
0.68	EGBN	Eagle Bancorp	Pair Corr
0.75	WASH	Washington Trust Bancorp	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.69	ESSA	ESSA Bancorp	Pair Corr
0.68	TFINP	Triumph Financial	Pair Corr
0.78	EVBN	Evans Bancorp	Pair Corr
0.8	WMPN	William Penn Bancorp	Pair Corr
0.84	WNEB	Western New England	Pair Corr

Moving against Hanmi Stock

0.6

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	OPBK	PCB	HTBK	RVSB	HOPE	NBN	RBB	FNWD	NFBK
OPBK		0.67	-0.27	0.77	0.93	0.14	0.9	0.27	0.5	OPBK
PCB	0.67		0.41	0.39	0.66	0.34	0.59	0.27	0.88	PCB
HTBK	-0.27	0.41		-0.56	-0.26	0.53	-0.37	-0.29	0.51	HTBK
RVSB	0.77	0.39	-0.56		0.87	0.01	0.85	0.33	0.3	RVSB
HOPE	0.93	0.66	-0.26	0.87		0.21	0.95	0.25	0.58	HOPE
NBN	0.14	0.34	0.53	0.01	0.21		-0.04	-0.65	0.49	NBN
RBB	0.9	0.59	-0.37	0.85	0.95	-0.04		0.45	0.5	RBB
FNWD	0.27	0.27	-0.29	0.33	0.25	-0.65	0.45		0.21	FNWD
NFBK	0.5	0.88	0.51	0.3	0.58	0.49	0.5	0.21		NFBK
	OPBK	PCB	HTBK	RVSB	HOPE	NBN	RBB	FNWD	NFBK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RBB	+ 0.95	HOPE
HOPE	+ 0.93	OPBK
RBB	+ 0.9	OPBK
NFBK	+ 0.88	PCB
HOPE	+ 0.87	RVSB
RBB	+ 0.85	RVSB

High negative correlations

FNWD	- 0.65	NBN
RVSB	- 0.56	HTBK
RBB	- 0.37	HTBK
FNWD	- 0.29	HTBK
HTBK	- 0.27	OPBK
HOPE	- 0.26	HTBK

Risk-Adjusted Indicators

There is a big difference between Hanmi Stock performing well and Hanmi Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hanmi Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
OPBK	1.97	(0.42)	(0.60)	3.72	(4.36)	14.37
PCB	1.35	(0.14)	(0.24)	2.76	(2.99)	7.39
HTBK	1.11	(0.05)	(0.12)	2.22	(2.81)	7.95
RVSB	0.81	(0.10)	(0.29)	2.18	(1.83)	5.20
HOPE	1.27	(0.28)	(0.33)	2.24	(3.61)	8.88
NBN	1.29	(0.04)	(0.12)	3.03	(2.58)	7.63
RBB	1.25	(0.42)	(0.54)	2.06	(2.87)	7.07
FNWD	1.05	(0.09)	(0.46)	2.12	(1.97)	8.51
NFBK	1.43	(0.11)	(0.16)	2.58	(3.33)	9.15

Hanmi Financial Corporate Executives

Elected by the shareholders, the Hanmi Financial's board of directors comprises two types of representatives: Hanmi Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hanmi. The board's role is to monitor Hanmi Financial's management team and ensure that shareholders' interests are well served. Hanmi Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hanmi Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

Romolo Santarosa	CFO, Sr. Executive VP, CFO of Hanmi Bank and Sr. Executive VP of Corporate Fin. and Strategy of Hanmi Bank	Profile
Romolo CPA	Senior CFO	Profile
Bonita Lee	COO, Sr. Executive VP, COO of Hanmi Bank and Sr. Executive VP of Hanmi Bank	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC